Stock analysis Sumitomo Chem India Ltd SUMICHEM
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Recent prices of SUMICHEM Sumitomo Chem India Ltd are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 14 Mon Oct 2024 | 539.50 | 536.45 to 547.95 | -1.03% | 0.36 times |
| 11 Fri Oct 2024 | 545.10 | 541.10 to 550.00 | 0.18% | 0.35 times |
| 10 Thu Oct 2024 | 544.10 | 539.60 to 552.60 | 0.85% | 0.49 times |
| 09 Wed Oct 2024 | 539.50 | 537.50 to 552.90 | -1.56% | 0.54 times |
| 08 Tue Oct 2024 | 548.05 | 518.00 to 552.45 | 5.06% | 1.15 times |
| 07 Mon Oct 2024 | 521.65 | 518.90 to 554.30 | -5.25% | 0.72 times |
| 04 Fri Oct 2024 | 550.55 | 539.40 to 562.70 | 0.37% | 0.89 times |
| 03 Thu Oct 2024 | 548.50 | 543.95 to 564.80 | -3.04% | 0.74 times |
| 01 Tue Oct 2024 | 565.70 | 557.00 to 577.25 | 1.6% | 1.7 times |
| 30 Mon Sep 2024 | 556.80 | 550.05 to 562.80 | -0.59% | 0.51 times |
| 27 Fri Sep 2024 | 560.10 | 546.10 to 568.50 | 2.09% | 2.92 times |
| 26 Thu Sep 2024 | 548.65 | 545.20 to 557.05 | -1.11% | 0.54 times |
Technical analysis forecast for Sumitomo Chem India Ltd Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Sumitomo Chem India Ltd SUMICHEM at this time. Stock is falling and might fall more.
It appears as if Sumitomo Chem India Ltd SUMICHEM gave a large move recently.
Stock of Sumitomo Chem India Ltd (SUMICHEM) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...
My analysis of Sumitomo Chem India Ltd is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 528.6 as stoploss in an intra day buy trade for a target of 550.6. However, stock will show a bearish move below 528.6.